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Asia Rice: Vietnamese prices steady but set to rise with Philippine tender BANGKOK: Vietnamese rice prices were steady but set to rise over the next few weeks on expectations that the supplies to fill a Philippine buy tender could come from Vietnam, traders said on Wednesday. Vietnamese 5 percent broken grade was quoted at $450-$455 a tonne, free-on-board Saigon Port, compared with $455 a week ago. The 25 percent broken rice grade ranged between $410 and $415 a tonne, against $410-$420 a week earlier. "Even if Vietnam loses the Philippines' tender, there's a chance that winning companies would import rice from Vietnam, so prices could still go up," said a Vietnamese trader. Trading in Vietnam, the world's second biggest rice exporter, was not very active at the end of the country's harvest season, with traders waiting to see the result of the this week's Philippine tender before committing to new deals. Six international suppliers are expected to bid for the contract to ...

Iron ore may test 2012 low as futures retreat, China buying stalls SINGAPORE: Iron ore futures in China and Singapore fell on Wednesday and buying interest for imported cargoes remained tepid, piling more pressure on spot prices that have lost a third of their value this year and are near two-year lows.Spot iron ore breached $89 a tonne on Tuesday to its lowest since September 2012 and a sustained retreat would bring prices closer to levels last seen in 2009 as growth in supply outstrips demand by ...
TOCOM rubber at 1-week low on weak shares, Thai stock sales BANGKOK: Tokyo rubber futures dropped 1.7 percent on Tuesday to a one-week low as weak equities and the prospect of rising supply due to the Thai government's stock sales weighed on the market, dealers said.However, firm oil prices still lent support, they said.The newly-launched Tokyo Commodity Exchange rubber contract for February delivery fell 3.0 yen from its opening price to settle at 199.6 yen ($1.92) per kg.Intra-day, it fell as much as 3.5 yen, or ...
India tea prices drop on rising supplies MUMBAI: Average tea prices in India, the world's second-biggest producer, fell at last week's auction on subdued demand and higher supplies from the top producing north-eastern state of Assam.The CTC (crush-tear-curl) grade leaf was sold at 152.43 rupees per kg last week, down 4.5 percent from the previous auction, while prices of the dust grade edged up 0.9 percent to 165.61 rupees per kg."Supply of CTC leaf rose, but demand wasn't robust. Buyers are expecting ...
Palm drops on worries of abundant edible oil supplies, weak demand  KUALA LUMPUR: Malaysian palm oil futures failed to hold on to earlier gains and inched down on Tuesday as worries of plentiful supplies of rival edible oils alongside rising palm oil production continued to pressure prices.Sluggish demand for the tropical oil also added to market jitters, weighing on benchmark prices which recorded losses in nine out of 10 sessions.Cargo surveyor data on Monday showed that exports of Malaysian palm products fell between 11 percent and ...
Corn falls, soybeans at contract low on outlook for big crop HAMBURG/SINGAPORE: Chicago corn fell on Monday to snap a two-session rise while new crop soybeans slid to a contract low on forecasts of record crops in the United States.Wheat was also slightly weaker as the focus returned to large global crops. Wheat had strengthened last week on concerns about supplies from conflict-hit Ukraine and crop quality downgrades in France.Chicago Board of Trade new crop December corn fell 0.4 percent to $3.70 a bushel by 1006 ...
Palm ends higher after tumbling to March 2009 low KUALA LUMPUR: Malaysian palm oil futures ended higher on Monday, snapping an eight-day losing streak, as short-covering reversed losses from the morning session and helped the tropical oil stay above 2,000 ringgit.Palm had tumbled to a March 2009 low of 1,954 ringgit in early trade as financing troubles in China, coupled with lacklustre export demand, triggered speculative selling.A bout of covering in late trading, however, helped prices recover some losses."There was a lot of short-covering ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln